Mastech Digital (NYSEAMERICAN:MHH) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note issued to investors on Tuesday morning. The firm issued a buy rating on the stock.

Mastech Digital Stock Down 0.2 %

Mastech Digital stock opened at $8.90 on Tuesday. The stock has a market capitalization of $103.42 million, a price-to-earnings ratio of -14.35, a PEG ratio of 0.86 and a beta of 0.52. Mastech Digital has a 12 month low of $7.50 and a 12 month high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. The company had revenue of $46.05 million during the quarter, compared to the consensus estimate of $46.38 million. On average, research analysts anticipate that Mastech Digital will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Mastech Digital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 171,294 shares of the company’s stock valued at $3,168,000 after acquiring an additional 715 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mastech Digital by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 237,918 shares of the company’s stock valued at $4,399,000 after acquiring an additional 786 shares during the period. BlackRock Inc. lifted its position in shares of Mastech Digital by 1.2% during the 3rd quarter. BlackRock Inc. now owns 84,714 shares of the company’s stock valued at $1,251,000 after acquiring an additional 1,021 shares during the period. UBS Group AG lifted its position in shares of Mastech Digital by 164.8% during the 1st quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after acquiring an additional 1,076 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Mastech Digital by 11.8% during the 3rd quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock valued at $128,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds own 18.43% of the company’s stock.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.